Al Goldman Mood Quotations

I think we are transitioning from a bearish mood to a bullish mood,

People are beginning to feel like the boat is leaving the dock -- there is a lot of money on the sidelines. The bottom line is we are transitioning from a bear mood to a bull mood, but it doesn't go straight up. Bear markets stink, but it creates very good opportunities for intermediate to long-term investors.

The mood in the market is one of a high level of caution. When you get some selling coming in, it's almost like a chain reaction -- it builds on itself.

It's not going to be a one-way trip. But the bear is dead and we're transitioning from a bear mood to a bull mood.

The big change in this market the last month or so has been a mood shift from 'the glass is half empty' to 'the glass is half full', and that's why we've had a good rally and a very modest time-out to catch our breath.

The best stimulant you can have for a market is an 'up' market, and it feeds on itself. The market is 90 percent emotions, and the mood shifted.

Investors are taking the easy way out ? they're sitting on their hands. The main confusion is a lack of confidence in just when the economy will turn up and the economy will improve. The prime mood in the market is one of no conviction.

The market is a discounting mechanism and typically looks six-to-nine months ahead. But now everyone is so shook up they're not willing to look beyond the end of their nose. What we need is a mood shift, and they (investors) got no supportive therapy from the Fed yesterday (Tuesday).